Jackson Financial Incorporation (JXN) AI Stock Analysis

• Market Cap: $7.20B
• Dividend Yield: 3.02%
• Average Volume (3M): 535.59K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 1.44
• Revenue Growth: 24.94%
• EPS Growth: N/A
• Country: US
• Employees: 3,060
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 6.16
• Shares Outstanding: 67,969,864
• 10 Day Avg. Volume: 455,066
• 30 Day Avg. Volume: 535,588
• PEG Ratio: 0.87
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 2.10
• P/FCF Ratio: 1.12
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 2.10
• Enterprise Value/Gross Profit: 5.12
• Enterprise Value/Ebitda: 13.74
• 1Y Price Target: $113.50
• Price Target Upside: 7.18% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 21.97
• Revenue Forecast (FY): $7.31B

• Rating: 73 Outperform
• Price Target: $110.00 ▲(3.87% Upside)

Jackson Financial's overall stock score of 73 reflects a combination of strong earnings performance and reasonable valuation, tempered by challenges in revenue growth and cash flow management. The positive sentiment from the earnings call and technical indicators further support the stock's potential.

Positive Factors

Strong Capital Position

A robust capital position enhances financial stability, allowing Jackson Financial to withstand economic fluctuations and invest in growth opportunities.

Record RILA Sales

Record sales in RILA products indicate strong demand and market acceptance, potentially driving future revenue growth and market share expansion.

Robust Capital Generation and Return

Strong capital generation and shareholder returns reflect efficient operations and a commitment to rewarding investors, supporting long-term financial health.

Negative Factors

Elevated Variable Annuity Net Outflows

High net outflows in variable annuities could pressure future earnings and indicate challenges in retaining customers amid market volatility.

Declining Net Profit Margin

A declining net profit margin suggests reduced profitability, potentially impacting the company's ability to invest in growth and maintain competitive positioning.

Leadership Changes

Leadership transitions can create strategic uncertainty and may affect the company's ability to execute its long-term vision and maintain stakeholder confidence.

Jackson Financial Incorporation Business Overview & Revenue Model

Company Description

Jackson Financial Inc., through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. This segment also provides a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, wirehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents. Jackson Financial Inc. was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. The company was incorporated in 2006 and is headquartered in Lansing, Michigan.

How the Company Makes Money

Jackson Financial generates revenue primarily through the sale of its annuity products and investment management services. The company earns money by charging fees on the assets it manages, which include administrative fees, mortality and expense risk charges, and surrender fees when clients withdraw funds from their contracts. Additionally, Jackson Financial benefits from the spread between the interest earned on its investments and the payouts made to policyholders. Strategic partnerships with financial advisors and brokers also enhance its distribution channels, allowing the company to reach a broader customer base and increase sales volume.

Jackson Financial Incorporation Financial Statement Overview

Summary

Jackson Financial Incorporation demonstrates a mixed financial performance. Strong gross profit margins and a stable balance sheet with reduced leverage are positive, but challenges in revenue growth and cash flow generation, along with declining net profit margin and return on equity, indicate pressure on profitability.

Income Statement

Jackson Financial Incorporation's income statement shows mixed performance. The TTM data reveals a gross profit margin of 91.06%, indicating strong profitability. However, the net profit margin has decreased to 11.71% from 30.60% in the previous year, reflecting a decline in net income relative to revenue. Revenue growth has been negative, with a significant drop of 13.48% in the TTM period, suggesting challenges in maintaining sales momentum. EBIT and EBITDA margins have also decreased, indicating pressure on operational efficiency.

Balance Sheet

The balance sheet of Jackson Financial Incorporation is relatively stable. The debt-to-equity ratio has improved to 0.20 in the TTM period, down from 0.45 in the previous year, showing a reduction in leverage. Return on equity has decreased to 5.67% from 9.69%, indicating a decline in profitability relative to shareholder equity. The equity ratio remains strong, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals some concerns. Free cash flow growth has significantly declined by 73.04% in the TTM period, indicating potential liquidity challenges. The operating cash flow to net income ratio is low at 0.10, suggesting that cash generation from operations is not keeping pace with net income. However, the free cash flow to net income ratio remains stable at 1.0, indicating that free cash flow is still covering net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.75B	3.09B	3.17B	9.72B	5.50B	4.64B
Gross Profit	1.94B	2.39B	2.47B	8.91B	4.99B	-1.20B
EBITDA	724.00M	1.12B	1.07B	7.83B	4.39B	-2.39B
Net Income	576.00M	946.00M	934.00M	6.19B	3.42B	-1.63B
Balance Sheet
Total Assets	353.56B	338.45B	330.25B	314.98B	375.56B	353.46B
Cash, Cash Equivalents and Short-Term Investments	50.65B	44.06B	43.11B	46.79B	54.17B	61.09B
Total Debt	4.65B	4.38B	4.03B	4.37B	4.05B	322.00M
Total Liabilities	343.06B	328.47B	319.92B	305.61B	364.49B	343.53B
Stockholders Equity	10.23B	9.76B	10.17B	8.65B	10.39B	9.43B
Cash Flow
Free Cash Flow	5.66B	5.79B	5.31B	5.21B	5.68B	3.71B
Operating Cash Flow	5.66B	5.79B	5.31B	5.21B	5.68B	3.71B
Investing Cash Flow	-8.58B	-7.09B	-592.00M	-1.37B	-1.30B	-4.33B
Financing Cash Flow	4.42B	2.37B	-6.33B	-2.16B	-3.77B	705.00M

Jackson Financial Incorporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 105.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JXN, the sentiment is Positive. The current price of 105.9 is above the 20-day moving average (MA) of 96.93, above the 50-day MA of 96.82, and above the 200-day MA of 88.24, indicating a bullish trend. The MACD of 2.30 indicates Negative momentum. The RSI at 73.46 is Negative, neither overbought nor oversold. The STOCH value of 90.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JXN.

Jackson Financial Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FG	76 Outperform	$4.70B	10.43	10.12%	2.55%	-4.58%	―
JXN	73 Outperform	$7.20B	14.65	5.50%	3.02%	24.94%	―
CNO	72 Outperform	$3.93B	14.42	11.12%	1.62%	-1.61%	15.79%
PRI	72 Outperform	$8.17B	11.74	33.91%	1.61%	5.63%	67.39%
LNC	71 Outperform	$8.79B	4.15	21.66%	3.99%	35.76%	636.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GNW	60 Neutral	$3.50B	19.28	2.86%	―	1.41%	150.35%

Jackson Financial Incorporation Corporate Events

Jackson Financial Reports Strong Q3 2025 Earnings

Jackson Financial Inc. reported its third-quarter 2025 financial results, highlighting key metrics such as $65 million in GAAP earnings and $433 million in non-GAAP earnings. The company achieved a 579% statutory capital position and a 22% increase in retail annuity sales compared to the second quarter of 2025. The firm returned $657 million of capital to common shareholders in the first nine months of 2025 and expects to exceed its full-year capital return target. The company’s financial performance was bolstered by higher spread income and increased fee income, although it faced higher market-related operating costs.

Jackson Financial Announces Leadership Changes Amid Transitions

On October 3, 2025, Craig D. Smith, President and CEO of PPM America, Inc., a subsidiary of Jackson Financial Inc., announced his retirement effective December 31, 2025. Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim leader of PPM while maintaining his current responsibilities. Additionally, Marcia Wadsten, a former senior advisor and CFO of Jackson Financial, retired on September 26, 2025, with a retirement agreement that includes stock payments and other compensations. These leadership changes signal a transitional phase for Jackson Financial, potentially impacting its strategic direction and stakeholder relationships.